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Search Results 0 to 49 of about 7,064 (some duplicates have been removed)
FOX Business
Sep 23, 2012 1:00am EDT
bell please, (laughter) . >> brenda: it's a new battle royale over the economy, not between president obama and governor romney, between the markets and business, and stocks jumping, pointing it a recovery. major companies, fed ex, intel, warning they don't see things improving. which should you be listening to. that answer could decide who wins the election. hi, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, terry b smith, tobin smith. and jonas max ferris, and who is right about it, the markets or big businesses? >> well, big business is right about the economy. you can believe them or not. they have no incentive to tell you things are bad. doesn't help the stock prices, what's really happening if you look at data points, the economy is loge down. new orders going down. trading partners going down. manufacturing going down and employment-- here is the rub, the change, bad economic news means good things for the the stock market. the stock market is not saying that the economy is recovering. the stock market is saying we're going
Sep 10, 2012 11:00am PDT
at city hall who want to hear news views and ideas on the new collaborative economy. we're interested in it because it has aspects that have piqued our interest, about hoour environment, how to improve life for more people, how to make an expensive city more affordable to more people, how to utilize the strengths of the city as a great tourist city. how we can get more folks to come and experience the wonders of the city. maybe they will make their stake here. these panel members have decided to make their stake here. they risked reputation, may be small amounts of money. if they had a lot of money, they may not have had to start this. they have also done it for the right reasons. they want to experience the city in a different way, but one that is in the tradition of san francisco and is reflective of mine, welcoming more people to share in the economy. hopefully the right reasons will create more jobs and get more entrepreneurs involved. i have often said this can be the city for the 100%. everybody can have a chance to fulfill their dreams and make sure they can have a stable incom
Sep 16, 2012 5:30am PDT
and boost the economy. the latest round of easing is different from previous ones in that it is open ended and has no end date. the so-called qe-3. the dow and s&p 500 hit the highest level since december of 2007. the nasdaq at the highest since november of 2000. the markets continued to rise on friday. another ratings agency issued a warning to the united states. moody's says if congressional negotiations fail to stabilize america's budget, moody's will lower the debt rating. mark zuckerberg maez made his first appearance at a technology conference. he said facebook was focusing on mobile. the stock price was disappointing, he said. facebook has half of the ipo price. >>> apple introduced iphone 5. it is faster, lighter, thinner and has a small ir dock connector called the lightning rod which is not compatible with earlier phones. apple stocks hit highs after the announcement. >>> a major move by the fed but what does it mean for your money? who better to answer these questions than pimco officer bill gross. he runs the total return fund. thank you for your time. >> thank you, marie. >> s
FOX Business
Sep 23, 2012 2:30am EDT
and food stamps up a stagnant economy. why does redistribution fail? it is evil and i don't think the president's philosophy changed. the president is saying he has the right to treat you like chum and all wealth is public and he can send it off to dead beat homeowners. who ever he sees fit. >> wayne, u.s. incomes fell as well. and really in the last couple. can we may be going in the wrong direction. >> and that is the fact that somehow it is written that the government has a right to coerce me and deliver it to some autoworker in ohio. if i want to make a donation. why don't i make it to this guy. why is the government appoint giving it to this person? it lessens competition. it is it an income conversation we had with you. if you are taking away money from the top tier earners they are not hiring new workers and they are staying stagnant. do you buy the argument at this point. >> no, incomes have been falling over a deckicate. we are talking about a deck cade long problem. the idea of distributing. and the direct spending that you dekraai amounts to a certain level of federal s
Sep 16, 2012 7:30pm EDT
's open market committee announcing a new bond buying program to keep rates low and boost the economy. the latest unprecedented round of quantitative easing is different in that it is open ended and has no end date. that sent stocks surging on wall street. the dow and s&p 500 hitting the the heist levels since december of 2007. the nasdaq at the highest since november of 2000. another ratings agency issues a warning. moody's says if congressional negotiations fail to stabilize the budget, moody's will lower the rating. mark zuckerberg made his first public appearance since the the company's botched ipo this year. he said facebook was focusing on mobile. the stock price was disappointing, he said cht. > >>>. facebook trades at about half of the ipo price and apple introduced its long awaited iphone 5. it's lighter, thinner than previous models. has a smaller dock connecter, not compatible with earlier phones. apple tok hitting new highs after the announcement. >>> a major move by the fed, but what impact will it have on the economy? who better to answer than bill gross. running the wor
Sep 16, 2012 6:30am EDT
make our decisions based entirely on the state of the economy, and the needs of the economy for policy accommodation. so we just don't take those factors into account and we think that is the best way to maintain our and maintain the trust of the public. >> question. the u.s. federal reserve has launched an open-ended program to ignite a recovery by injecting an extra $40 billion into the economy each month. how does the fed do it? it buys mortgage-backed securities. can you tell us more on this mort? >> yes, well the purpose of the thing is to improve the liquidity in the country and to keep interest rates very low. he will accomplish boeing objectives -- both objectives. the real problem is this is the third effort of the same kind and it has had little effect in terms of getting the economy to grow. there is an argument it prevented the economy from getting worse, but right now we have made virtually no progress in four years with the biggest fiscal and monetary stimulus in our history. so you have to ask what is wrong here? one of the main things that is wrong is we are still tryin
FOX Business
Sep 4, 2012 12:00am EDT
be doing more to the dp the economy back on track? we have a lot to cover. let's talk about the fed which was the money story. what would you like the fed to do when they meet this month? >> i think they should continue what they have been doing. i heard some of the prior conversation, well, what do we see from 69 to '82. we have more recent set of examples. the federal reserve has been very energyic putting money into the economy in a variety of ways including to help stimulate the european banks to do the same and the results have been all good. all these people have been predicting inflation could not have been more wrong. for several years now the fed has been taking this active role and there has been no increase in inflation. taxpayers made money off it thanks to legislation put through. there are no secret deals. everybody knows what is happening. i think it has helped the situation from being worse. we had this terrible recession that we began the, 2009 with. we have had the terrible problem in europe which is holding us down. the fed played a very important role here and i think
FOX Business
Sep 13, 2012 1:00pm EDT
at lowest lows. was this the right move? what does it mean for the economy? the chief investment officer, making visiting scholar at former consultants as well at the u.s. treasury department. begin with you. what do you make of this aggressive move by the federal reserve chairman this act in? >> it fulfilled the best expectations of the financial markets. cheri they celebration under way. addiction is a marvelous thing and we have it in financial markets. as to what it does for the economy is a different question and it doesn't do much. lori: in terms of the message of the market showing the dow spiking. not a lot of change in oil or the dollar. gold is high. treasuries are selling up and i thought that was interesting. if you could expand on the market reaction? >> a stock market rally is a long duration instrument. the fed says they will go to the market by long duration and take it out of a market stocks should be expected to pop. we have a different story and we will play it out in the currency and may be in the bond market which may react to a weaker dollar. too soon to judge. meli
FOX Business
Sep 16, 2012 1:00am EDT
, just how bad could this get for drivers and for our economy? hi, everyone, i'm brenda buttner, this is bulls and bears and here they are the bulls and bears this week. gary b smith. tobin smith, jonas max ferris along with todd and steve murphy. okay, todd, we saw gas prices jump during the arab spring last year. how bad is this going to get. >> it's going to get horrible. first of all like you said at the top. we're at a record high this time of the year and start talking about the violence that's taking place in libya and oil based countries right now and you have to only assume at that this is going to spread. this is going to continue to move higher and this is something the u.s. economy cannot afford right now because they're looking at higher prices at the pump. less money to go out and spend. >> brenda: steve, we are seeing that supply could drive this higher, but demand might bring it down. the economy is in trouble around the world. >> yes, absolutely. first of all, the supply has not been disrupted and it's not likely to be disrupted and the gulf states, saudi arabia
FOX Business
Sep 16, 2012 2:30am EDT
on the ground. but the reality is the united states has skin in this game. a fifth of our export economy is dependent on europe and our exports have recently dropped by 11% because of the trouble in europe. so like it or not, and no matter how we got in this mess, we've got to help solve it. >> jonathan, i made the point earlier that -- >> we're all in this together. that's the dot, dot, dot of what sally was saying. we're all in it together. we got to bail people out, otherwise reality might issue god forbid, assert itself. it always does. all these bailouts have failed. talk about another bailout for greece, greece has already been bailed out two times in the last two years! we have ongoing bailouts to tracy's point, of freddie and fannie, gm, the taxpayers have lost billions. it creates the moral hazard that we talked about, going back to 2007 when this began under the prior to the president. it needs to stop and people need to take responsibility for their own actions. individuals and countries as well. >> wayne, if the imf does for some reason, i don't think they would, pull support
FOX Business
Sep 23, 2012 2:00am EDT
that are killing each other and americans. they need to crack open their economies in free market systems where true democracy can flourish. >> rick? >> liz is referring to a tedous orgies of political correct rich is saying, the policy is fine, but just in the hands of the wrong people. come on, this gets silly. foreign policy is consistent >> it is too politically correct. >> that doesn't mean you don't change forp policy. you should cut off the imf that gives better descriptions and ruins these countries. it is economic. >> and rich, go ahead. >> wealth of nations. >> and the problem sthere is a fallacy to your argument. >> there usually is. go back to the difference between jimmie carter and ronald reagan. it is political correctness and reagan did the opposite. >> victoria? go ahead. >> rick, the point is, we are handing these people blank checks and then apologizing for it. and going into these places oh, we are so sorry for the random video that a whacko put out on the internet. come on, you have to show strength. >> hold on a second. rick, i know you are not in favor of the money leakin
FOX Business
Sep 13, 2012 4:00pm EDT
but there is a lot that can go wrong. dave: the economy is growing. the overall message we will debate whether ben bernanke did the right thing but the one thing there was no sugar coating on for ben bernanke is this economy is in very bad shape. i am wondering if ben bernanke thinks it was necessary to do what he did in order to keep away another recession. what do you think? >> not recession. even slower growth. this is the worst bounce back to recovery since the great depression. this economy is very weak. if you look at the recent performance of price level inflation has flown from 4% during the count fell 1.4% and only 1% over the last six months. weakness in the economy is driving increased demand for money and safety and security so despite the increase in government that rescue these foreign banks and so on you are seeing lower inflation. the fed did what it did not to prevent another round of deflationary but what was getting to be dangerously low inflation. i don't think this market can have legs and sustain itself on the basis of ben's policy. you have to look to better fiscal policy an
Sep 9, 2012 9:00am EDT
of the advanced world. the entire world economy is struggling. i think putting a focused on broadbase growth is better than big tax cuts. >> that's the reason we want to have you here. who has the better plan? i want to focus on the obama and romney plan to jump start the economy and the biggest difference at this point is taxings. this what the president said. >> tax cuts when times are good. and tax cuts when times are bad . tax cuts to lose pound and tax cut to help your love life. >> your cand date wants to cut the tax rates 20 percent. the president said this is same trickle down economics that got us in the mess in the first place. basic question, why is cutting taxes on the wealthy good and why is raising taxes on the wealthy bad. >> mitt romney is proposing a tax cut. there is a deep cut in the corporate rate. most economist believe that fundmental tax reform is powerful for growth. i can't imagine an argument that said that raising marginal tax rates on high income people is a recipe for economic growth. one can debate fairness arguments but not aware of any argument to get back to
Sep 30, 2012 12:00pm PDT
, the bill to save the economy went down to defeat in the house of representatives. >> the legislation has failed. >> i'm very disappointed in today's vote. >> so to the democrats skprerep who vetoed this bill yesterday, i say step up to the plate. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house he couldn't afford? >> i don't know whose fault that was. >> $1.2 trillion in market value wiped out in one day. congress quickly reconvened, and four days later, on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the presidential secretary to free up the criticisms. that may be the last time the president witnessed something that really mattered to washington. four years later, and on the eve of another election, he's being asked, are you better off off than they were. but how much money could you have? if washington had put aside its pride, they could work with some people. >> these two have had your back. sheila baer's job was to deal with banks. neil's job was to be
FOX Business
Sep 7, 2012 6:00pm EDT
to the finish as the economy slows to a crawl. the new jobs report is out, and it flies in the face of everything the president says about the economy turning around >> the truth is, it will take more than a few years for us to solve challenges that have built up over decades. cheryl: mitt romney is the campaign trail in swing states. takes a swing at barack obama. >> this president tried but did not understand what it takes to make our economy work. cheryl: what does another four years of obama or run the presidency mean for your money? we have top financial advice. also, who led the bulls out? the market on a tear, but september is usually the cruelest month for stocks. will this year be any different? and if the economy is so tough, why are super bowl ads so hot? those top stories and a lot more coming in tonight. ♪ cheryl: and thank you for joining us. a 4-1, that is the big figure that we are focusing on the night, following today's weak jobs report. of get to that figure in just a second, but first news today that our nation's unemployment rate has fallen for the month of au
Sep 14, 2012 3:00pm PDT
. they are studying the evolution of specialization as they uncover details of ancient economies around the world. in the maya city of copan, a jeweler fashioned rare shell and jade for his powerful lord. in mexico, living artisans echo the economy of a vanished civilization. and in teotihuacan, evidence of mass production has now been unearthed. tiny faces of clay reflect the men and women who made them a thousand years ago. on the other side of the world, in the ancient roman city of ostia, huge merchant ships were part of an economy much like our own. and today, the tanners of morocco still practice their ancient craft, living proof that economies have evolved out of the past. everyone who has ever lived has been part of an economic system. iel bote pesos! economic systems are simply the ways people produce, distribute and consume things -- everything and anything, from tortillas to stocks and bonds. for 10,000, 10,000 an eighth. today, as in the past, economic systems lie at the heart of how a society is organized. archaeologists search for these systems because they believe econ
Sep 13, 2012 3:00pm EDT
the construction activity, the furnishing, all those things that help the economy grow. >> earlier this year at one of your news conferences in this room, you said you were already hearing anecdotal information from some of your colleagues at the regional fed banks about firms, companies making decisions on hiring next year because they were afraid of the fiscal cliff or whatever the federal government was going to do in terms of cut backs. it's been a few months since you made that statement. i'm sure your staff are working hard on it, but how much of a head wind so the economy is the fear of the federal government just sort of cutting way back following across the fiscal cliff? even if they take a few steps back from the cliff, it's still there. how much is that fear contributing to lack of growth or adequate gdp growth in the economy? >> well, you know, it's pretty hard to give you a number, but i can certainly confirm that as the reserve bank presidents and governors made their reports today and yesterday around the table, there was considerable discussion of uncertainty, including policy uncer
Sep 26, 2012 7:00am EDT
measures are identified. the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threat just for
Sep 10, 2012 12:00pm PDT
, not just access to travel, but also access to the tourism economy that flourishes in the city. >> i just want to address the technology point really quickly. we try and emphasize the human aspect of this, whether it is on the website or whether it is through the iphone app. other people use a device that we built, that lets you share a car more conveniently by letting the richer unlock the car with their smartphone. even with that, we really try to connect the people who are sharing because a lot of people to accept rentals just with the kit and may never meet the people they are sharing with. we tried to encourage the parties to get to know each other, trying to just display your interest or so many things i can think of that our websites due to show who this person really is. they take their photo. i think part of this is about trust, and it is about letting -- the things we do to encourage trust and the things you do as a responsible member of the sharing community to insure you are doing your due diligence as well. when two people -- first off, the one example i want to bring is that
Sep 24, 2012 8:30pm EDT
mexico. i say that we could turn it into a postal nation with a competitive economy and we could build a first site to with more opportunities for everyone. we have mexico in a safer nation with a strong will of dhaka. i can tell you today we have made great strides and help put mexico on the track to make these decisions a reality. i would like to share some reflections on health care we have a stronger nation. let me start by talking of the transformation of the mexican economy. as you know, we have to confront the global kinnock crisis in memory. mexico was particularly vulnerable because our ties to the american economy which was at the epicenter of the crisis years ago half to and we took the necessary measures to prevent this crisis from becoming a major catastrophe. in doing so we were guided with three basic. financial discipline, economic freedom and increased competitiveness in we stayed after the country. first mexico has strong economic fundamentals. many countries put in place countercyclical measures to protect. we implemented significant measures to save jobs and keep ou
Sep 27, 2012 2:30pm PDT
you make about his appearance? >> he is trying to restart a conversation about the economy that is focused on barack obama. he was supposed to be doing the same thing but got sidetracked and badly by this video. he will be ablepresident to get over this. he has to hope that is not the majority of people. the fact that a majority of people do not approve of how barack obama has handled the economy, but ultimately those people will say i am done with a guy who is currently in office. let's give the other guy a chance. the interview he has done and he is going to continue to do all of those things are an attempt to shift the conversation. good >> even republicans have said he is running and in that campaign. -- an inept campaign. he is trying to suggest he took responsibility for these comments. did you see thus splitting hairs? >> i agree with that. they blame the campaign. we did the post mortem on the hillary clinton campaign, and the conclusion was that her campaign did not serve her. ultimately it is the job of the candidate. the candidate is the one that puts a person in
Sep 10, 2012 11:30am PDT
a working group around the sharing economy. we are the epicenter in san francisco. we have a role to help nurture the emerging space. there is a lot of value to be created here. i am really excited to be part of the panel seeing all of these great people next to me. >> the people on the panel are going to tell us about their companies. let's come straight down the line. >> i am a co-founder and ceo of viable, a community marketplace for travel experiences. anybody can offer their services to others as a guide, offering touristrs, sailing ships, cookig class. we have enabled terrorism -- tourism to access parts of the city it had never before accessed. restoring murals for example. we launched in 2011. we have been going for about a year. we're proud to be launched in san francisco and growing the platform here. >> i am the founder of a company called task rabbit, an online marketplace for people to outsource jobs to others. if you need dry cleaning pickup or groceries delivered, you can post that job. one of our over 1000 active task rabbits will be alerted and you will be able to be matc
Sep 16, 2012 10:00am EDT
diversifying its economy will be the key to kazakhstan's even brighter future. >> it was a while the economy, while business economy, and a great economy mainly. today, we have a lot of public companies. our businessmen are doing international joint ventures. if you take the society as a whole, are people became much more open-minded, a free, outspoken people, and we are much different from what we were before. >> has that been exciting to be a part of? >> i was 20 years old when kazakhstan became independent. our generation of businessmen, they were not that successful because they probably did not get that much influence in communist times. good times, in a good country, to create such a career is possible only i think being born in kazakhstan. after the collapse of the soviet union, 20 guys started business here, like 20 guys who started and they all became visible businessmen. later on, it was time when our presidents was in the mid 1990's managing state companies. one guy, the head of the airline company, another guy, the head of an electricity company, and i was invited to be the head
FOX Business
Sep 8, 2012 4:00am EDT
. hours after a big pitch to the dnc with just 60 days before the presidential election, an economy that appears to be stuck in neutral. second term aspirations. we take that up here tonight. also tonight, elaine chao offers her perspective on how to the this put this country back to work. also ahead, ben bernanke on the verge. kevin hassett is here and archbishop dolan during the dnc benediction last night. we will play the tape and let you decide. first, the obama and romney campaign. crisscrossing in iowa and vermont. >> we have been there and we have tried what they are selling. it didn't work then and it's not going to work now. we are moving forward. as was pointed out in the convention, there is a basic component missing from this plan. it's called math. [laughter] arithmetic. lori: there is no arguing with this guy. the economy adding a measly amount of jobs last month, 96,000. it would be good if not for the 400,000 people who drop out of the workforce altogether last month. vice president joe biden insisting that the economy has turned a corner. unfortunately for the ameri
Search Results 0 to 49 of about 7,064 (some duplicates have been removed)